Buyside articles from May 2003

Buyside archives from May 2003

US LEC Corp. (Kaufman Bros. Equity Research).
May 1, 2003... April 30, 2003 Date of Last Report: February 26, 2003 US LEC CORP. Ticker: CLEC: NASDAQ Rating: BUY Company Description: US LEC Corp. is a competitive local exchange carrier (CLEC) providing voice, data and Internet...

Out of necessity. (Publisher's Letter).
May 1, 2003... A big question on the Street these days is whether or not you can consider paid-for research credible. I'm beginning to think the old adage, "necessity is the mother of invention," is a forgotten one. Let's weigh the pros and cons here: A...

Women leave corporate world for entrepreneurial endeavors. (Insights: news with a view).
May 1, 2003... According to a recent article in Across The Board, The Conference Board's bimonthly magazine, women are leaving big companies to start their own businesses. Entitled "Escape from Corporate America" the article points out that despite diversity...

In search of private companies: gone with the bubble? (Insights: news with a view).(Brief Article)
May 1, 2003... With IPO and M&A rates at their lowest levels in recent years, many wonder about the existing opportunities for those private, venture-backed companies left over from the investment bubble of 1999 through 2000. In an Ernst & Young/VentureOne...

First real-time, enterprise-ready market risk system for the buy and sell side. (Profound Partnership).(Brief Article)
May 1, 2003... Algorithmics, a provider of enterprise risk management solutions and Bloomberg, the global news and information organization, announced the launch of the Algo Risk application to Bloomberg customers over the Bloomberg Professional service. Algo...

CIR provides On-Call analysis for financial professionals. (Asking The Experts).(Brief Article)
May 1, 2003... CIR, a communications industry analyst firm, unveiled its new service, Analyst OnCall. The service provides financial industry professionals the opportunity to dialogue with CIR's team of experts and hear their perspectives on market...

Banc of America Securities. (Buyside on the buy side: who's moved on and who's moved up).(hired Joseph France, David Maris, Glenn Novarro and Robert Willoughby as managing directors and senior equity research analysts )(Brief Article)
May 1, 2003... Banc of America Securities hired Joseph France, David Maris, Glenn Novarro and Robert Willoughby as managing directors and senior equity research analysts in the healthcare group. The four analysts, who join from Credit Suisse First Boston,...

Blaylock & Partners. (Buyside on the buy side: who's moved on and who's moved up).(hired Michael Plodwick as a director and senior banking and financial services analyst)(Brief Article)
May 1, 2003... Blaylock & Partners, an independent Wall Street research firm, hired 19-year banking and financial services veteran Michael Plodwick as a director and senior banking and financial services analyst in the firm's equity research group. Plodwick...

John A. Levin & Co. (Buyside on the buy side: who's moved on and who's moved up).(gives Philip Friedman leadership role with regard to the firm's Value Equity investment strategies)(Brief Article)
May 1, 2003... John A. Levin & Co., a New York-based investment management firm founded in 1982, has given Philip Friedman a leadership role with regard to the firm's Value Equity investment strategies. The Value Equity assets represent approximately $8.3...

Federated Investors. (Buyside on the buy side: who's moved on and who's moved up).(adds four investment professionals to its global equity investment management team)(Brief Article)
May 1, 2003... Federated Investors, one of the nation's largest investment management companies, has added four veteran investment professionals to its global equity investment management team. The move further enhances the firm's objective of incorporating...

Nicholas-Applegate Capital Management. (Buyside on the buy side: who's moved on and who's moved up).(added Stephen Sexauer to its staff as a lead portfolio manager)(Brief Article)
May 1, 2003... Nicholas-Applegate Capital Management has added Stephen Sexauer to its staff as a lead portfolio manager on the Value Equity team. Sexauer compiled a top-ranking performance record managing large-cap value equities in his previous role as...

Gartmore Global Investments (GGI) acquired Groupama Asset Management (GAMNA), a leading independent separate account manager with $1.2 billion in assets under management. (Buyside on the buy side: who's moved on and who's moved up).(Brief Article)
May 1, 2003... Gartmore Global Investments (GGI) acquired Groupama Asset Management (GAMNA), a leading independent separate account manager with $1.2 billion in assets under management. In its annual performance rankings, Nelson's Information ranked GAMNA's...

"GAMNA has an exceptional portfolio management team, a disciplined investment process, an attractive 12-year large-cap and fixed-income performance record and a strong reputation within four major wirehouses," says Bruce Johnston, GGI's president and CEO. (Buyside on the buy side: who's moved on and who's moved up).(Brief Article)
May 1, 2003... "GAMNA has an exceptional portfolio management team, a disciplined investment process, an attractive 12-year large-cap and fixed-income performance record and a strong reputation within four major wirehouses," says Bruce Johnston, GGI's...

De Novo Ventures. (Buyside on the buy side: who's moved on and who's moved up).(appointment)(Brief Article)
May 1, 2003... Joe Mandato has been named a director at De Novo Ventures, an early stage life sciences venture capital firm. Mandato, a former president of several medical technology companies, will be responsible for identifying new medical technology...

Berkshire Advisors has been named sub-advisor to the Select Equity Portfolio, a mutual fund offered by The Penn Street Fund, based in Valley Forge, Penn. Berkshire, formerly known as Kemmerer & Co. Financial Services, entered into an agreement with Citco-Quaker Fund Advisors to serve as the sub-advisor to the Select Equity Portfolio. (Buyside on the buy side: who's moved on and who's moved up).(Brief Article)
May 1, 2003... Berkshire Advisors has been named sub-advisor to the Select Equity Portfolio, a mutual fund offered by The Penn Street Fund, based in Valley Forge, Penn. Berkshire, formerly known as Kemmerer & Co. Financial Services, entered into an agreement...

DB Absolute Return Strategies (DB ARS), the global hedge fund management business of Deutsche Bank, has signed an agreement with Raymond James Financial Services and Raymond James & Associates to distribute DB Hedge Strategies Fund. (Buyside on the buy side: who's moved on and who's moved up).(Brief Article)
May 1, 2003... DB Absolute Return Strategies (DB ARS), the global hedge fund management business of Deutsche Bank, has signed an agreement with Raymond James Financial Services and Raymond James & Associates to distribute DB Hedge Strategies Fund. A...

Wells Fargo Funds Management. (Buyside on the buy side: who's moved on and who's moved up).(Brief Article)
May 1, 2003... Wells Fargo Funds Management launched the Wells Fargo Inflation-Protected Bond Fund. The fund seeks to provide investors with an income stream while protecting their principal from inflation by investing primarily in inflation-indexed bonds...

Analyst John Finnegan left Stonebrook Fund Management. (Buyside on the buy side: who's moved on and who's moved up).(Brief Article)
May 1, 2003... Analyst John Finnegan left Stonebrook Fund Management. Thomas Dillman has resigned as director of U.S. research for Deutsche Asset Management. Theresa Gusman, Deutsche's current materials team leader, will assume Dillman's responsibilities.

Pilgrim Baxter & Associates. (Buyside on the buy side: who's moved on and who's moved up).(Brief Article)
May 1, 2003... Pending shareholder approval, Pilgrim Baxter & Associates will merge its PBHG Core Growth Fund into the PBHG Growth Fund, which will continue to be managed by Gary Pilgrim. Also, the firm will merge the PBHG Limited Fund and the PBHG New...

Putnam Investment Management. (Buyside on the buy side: who's moved on and who's moved up).(Joshua Brooks joins company as head of global equity research)(Brief Article)
May 1, 2003... Joshua Brooks joined Putnam Investment Management as head of global equity research. Former head of research, William Landes, now works on alternative strategies at the firm. Analyst Vick Khoboyan left Financial Management Advisors, where she...

Michael Rudolph, CFA left Vestor Capital Corp. where he served as director of research. (Buyside on the buy side: who's moved on and who's moved up).(Brief Article)
May 1, 2003... Michael Rudolph, CFA left Vestor Capital Corp. where he served as director of research. Brian Loftus left Harold C. Brown & Co. Paul Olszewski has taken over his responsibilities as the new director of research. Portfolio Manager Glen Matz left...

Funds created to educate young investors lack performance. (Child's Play).
May 1, 2003... Standard & Poor's online service, Fund Advisor, completed a review of the different mutual funds designed to educate children and allow parents to contribute to their child's savings. In its analysis, Fund Advisor found that the performance of...

Dealing proactively with client disclosure: financial organizations should self-police to conquer client concerns. (Guest Column).
May 1, 2003... THE FAILURE OF MANY "FOOLPROOF" investments, together with headline-grabbing corporate scandals, have left consumers cynical about financial institutions and advisers. Ironically, growing numbers of those consumers are recognizing the need for...

Well-timed profits. (Money Manager).(Lateef Management Associates)
May 1, 2003... Lateef Management Associates A Chinese proverb says, "With time and patience the mulberry leaf becomes a silk gown." The money management team at Lateef Management Associates (LMA) understands the wisdom behind this deceptively simple...

Patriotic profits. (Money Manager).(The Homeland Security Fund offered by Paladin Capital)
May 1, 2003... Homeland Security Private Equity Fund Paladin Capital Group Dr. Alf Andreassen and Lt. General Ken Minihan had been on a plane bound for New York City the morning of September 11th. Their plane was turned around in mid-flight, although...

Front and center: S&P's broad-based analyses provide clarity on global trends and relative values. (Cover Story).
May 1, 2003... In the past 10 years it has tripled in value, outstripping the Standard & Poor's 500 index by more than 100 percentage points. It's a broad-based portfolio, spanning the gamut of industries and market capitalizations, and even in recent market...

Questar Corp. (Stock Reports).
May 1, 2003... Opinion: Buy Sub-Industry: Multi-Utilities & Unregulated Power INVESTMENT OPINION: Overview We look for revenues to rise almost 15% in 2003, on improving E&P operations (stemming from both higher Rockies gas prices and growth...

Dean Foods Company. (Stock Reports).(Company Profile)
May 1, 2003... Opinion: Buy Sub-Industry: Packaged Foods and Meats INVESTMENT OPINION: Overview--10-APR-03 We expect sales growth of 2% to 3% in 2003, on higher selling prices and volumes for milk, and increased sales of branded products....

Eying the landscape: where to look for good ideas in ophthalmology.
May 1, 2003... The ophthalmology market is not an easy study. It ranges from lenses and surgical procedures to pharmaceuticals and the treatment of disease. Each has its own dynamic. Joanne Wuensch, an analyst in the healthcare group of Gerard Klauer...

The Cooper Companies. (Equity Spec Sheet).(Company Profile)
May 1, 2003... The Cooper Companies, Inc. 21062 Bake Parkway, Suite 200 Lake Forest, CA 92630 Phone: 949-597-4700 Fax: 949-597-0662 COO: NYSE Price: $30.16 (as of 04/09/03) Market Cap: 89.4 Mil Sector: Medical Devices ...

Guiding lights: StarMine's sector champions.
May 1, 2003... About StarMine Analyst Ratings StarMine collects data on every estimate, revision and recommendation recorded by Thomson Financial First Call and generates its star ratings based on the accuracy of analyst earnings estimates. Scores are...

Cream of the crop: with rising vacancies and tepid growth, a few REITs have positioned themselves to thrive.(Bear Stearns)
May 1, 2003... Ross Smotrich Bear Stearns 212-272-8046 rsmotrich@bear.com AREAS OF COVERAGE: Industrial, Multifamily, Office, Retail, Specialty Finance OUTLOOK: Real estate fundamentals are expected to remain challenging throughout...

REIT minded. (Analyst Showcase).(real estate investment trusts)
May 1, 2003... UNLIKE A LOT OF ANALYSTS WHO FOLLOW sectors that have been hammered lately, KeyBanc's Richard Moore has plenty of good things to say about his area of coverage. Moore has followed retail REITs for the past seven years and is bullish on the...

Glimcher Realty Trust (GRT-NYSE). (McDonald Investments).
May 1, 2003... March 3, 2003 Earnings Review Estimate Revision * FFO/SHARE RESULTS SHOW STABILIZATION * BALANCE SHEET IS MUCH IMPROVED AS 2003 DEBT MATURITIES ARE LIGHT * COMPANY SHARPENS ITS MALL FOCUS AS COMMUNITY CENTER DISPOSITIONS...

Conference calendar.(investment companies)
May 1, 2003... MAY New York Society of Security Analysts (NYSSA) HEDGE FUND INDEXING & STRUCTURED PRODUCTS Harvard Club New York City May 13 Contact: Evelina Loselev 212-541-4530 ext. 27 seminars@nyssa.org ...

Cash flow rules: Pittsburg Research uses cash flow metrics to pinpoint long-term buys. (Research Profile).
May 1, 2003... Jeff Pittsburg wants cash. In these uncertain times, Pittsburg Research, a small independent research firm based in Great Neck, N.Y., views cash flow as the key metric in deciding what companies to recommend. In a world where most analysts are...

Q1 2003 Intel investor fact sheet.
May 1, 2003... About Intel Technology--Leadership--Expertise Today, Intel supplies the computing and communications industries with component-level building blocks integral to computers, servers, and networking and communications products. These...

Tried and true: LJR Great Lakes Review sticks to its proven strategy. (Research Profile).
May 1, 2003... LJR Great Lakes Review As the market changes, analysts are often left scrambling to find the next hot investment idea. The strategies they used yesterday no longer produce profits in today's changed landscape. However, those investors that...

No stone unturned: Capstone discovers good ideas in unlikely places. (Research Profile).
May 1, 2003... Capstone Investments There's a very good reason San Diego's Capstone Investments has its research department located in "balmy" Milwaukee, says Vice President and Director of Research Jason Diamond. "The weather is so bad, all we do is...

SpatiaLight, Inc. (CapStone Investments).
May 1, 2003... March 28, 2003 For Institutional Consideration Only SpatiaLight, Inc. (HDTV-NasdaqSC) Current Price: $2.24 52 week range: $1.79 - $5.24 Shares Outstanding (MM): 25.5 Float (MM): 22.4...

Outstanding in their field: Offutt Securities finds niche-industry leaders. (Research Profile).
May 1, 2003... Offutt Securities When an institutional client hasn't heard of one of Bentley Offutt's companies, he's glad. His Baltimore-based firm, Offutt Securities, follows 35 companies mainly in the Mid-Atlantic region. "I don't want to follow all...

Effective communication: KBRO team sticks with its niche. (Research Profile).(Kaufman Brothers)
May 1, 2003... Kaufman Bros. While the markets continue to muddle along, keeping a sharp focus remains the game plan for New York's Kaufman Bros. (KBRO). Founded in 1995, the boutique shop draws on its team of industry veterans and strategic partners to...

New kids on the block: Sky Capital makes waves on Wall Street. (Research Profile).
May 1, 2003... Sky Capital Holdings White-shoe firms might get jealous. After all, Sky Capital Holdings is beating them at their own game. The newly-formed broker dealer, has been turning heads since it joined the NASD in May 2002. Starting out one year...

Rooted in research: Sanders Morris Harris team builds upon its strengths. (Research Profile).
May 1, 2003... Sanders Morris Harris Someone once said that "The whole world steps aside for the man who knows where he is going." The team at Sanders Morris Harris Group is successfully navigating its course of action by providing insightful research in...

East West Bancorp. (Sanders Morris Harris).(evaluation of company's finances)(Company Profile)
May 1, 2003... (EWBC:NASDAQ RECOMMENDATION: BUY INDUSTRY: BANKING COMPANY DESCRIPTION East West Bancorp is a publicly owned company with $3.5 billion in assets. The company's wholly-owned subsidiary, East West Bank, is the third largest...

An independent view: Oregon research firm grows strong outside the bubble. (Research Profile).
May 1, 2003... Viewpoint Research Viewpoint Securities began as an institutional trading house for hedge funds and money managers. As Wall Street bubbles burst and brand-name players folded under corruption charges, Viewpoint believed that there would be...

Cibibank depositary receipt issuers.
May 1, 2003... Deutsche Telekom AG is Europe's largest integrated telecommunications company with 2002 revenues of EUR 53.7 billion. It is a leading provider of high-speed digital access lines, with over 3.4 million DSL lines and over 22 million ISDN...